New York, Feb. 06, 2023 (GLOBE NEWSWIRE) -- The Urinary Drainage Bags Market revenues were estimated at US$ 2.1 Billion in 2023 and are anticipated to grow at a CAGR of 6.2% from 2022 to 2032, according to a recently published Persistence Market Research report. By the end of 2033, the market is expected to reach US$ 3.9 Billion. With an absolute dollar opportunity of US$ 682 Million from 2023 to 2033, the market in the country is expected to account for a significant global share.
The market participants are raising awareness about urinary bags through a variety of apps and marketing activities. Australian patients who have been encouraged by their healthcare professionals to get a comprehensive evaluation of illnesses related to the bladder can use the Continence Care management services provided by the Commonwealth of Australia. It also has a continence helpline where you can get expert guidance on goods.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/33298
According to the American Society of Nephrology, urological diseases are the third most prevalent health concern among the elderly, accounting for nearly half of all doctor visits. Ulcerative colitis and inflammatory bowel disease (IBD) have become increasingly common in recent years, particularly among the elderly. In industrialized economies, many diseases are frequent, with a higher prevalence in cities.
According to UN world population figures, European countries like Sweden and Germany have seen significant growth in the number of elderly people. Furthermore, Healthcare providers prefer disposable urine drainage bags over traditional urinary bags because they lower the danger of infection transfer.
With a revenue share of over 39% in 2020, North America accounted for a significant share of the global market and is projected to increase at a CAGR of over 6% over the forecast period.
The growing prevalence of disorders like UI, bladder obstruction, urine retention, Benign Prostate Hyperplasia (BPH), and bladder cancer is driving the regional market. According to the American Academy of Family Physicians (AAFP), more than 250,000 BPH patients get surgery each year.
Competitive Landscape
The key players in the global Urinary Drainage Bags market are ConvaTec, Inc.
- Cardinal Health
- Teleflex, Inc.
- Coloplast
- BD
- McKesson Medical Surgical, Inc.
- Amsino International, Inc.
- Flexicare Medical Ltd.
- Medline Industries, Inc.
- Manfred Sauer GmbH.
Get Full Access of this Report@ https://www.persistencemarketresearch.com/checkout/33298
A few of the key developments in the urinary drainage bags market include:
- In July 2021, Amsino Medical Group announced that it would open a new production plant in Aurora, which will help the company grow its customer base.
- In August 2020, Volymi introduced new smart catheter bags for patients with limited mobility. External sensors are used in the bag, which can be linked to a smartphone app for alerts.
- In July 2019, Clinisupplies Ltd. announced a partnership with Alliance Healthcare for product distribution and supply in the United Kingdom.
- In June 2019, Spinal Singularity and Trelleborg collaborated on a linked catheter device for individuals with neurogenic bladders or chronic urinary retention.
More Insights Available
Persistence Market Research, in its new offering, presents an unbiased analysis of the Urinary Drainage Bags market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights
- by Product Type (Large Bags, Leg Bags),
- by Usage Type (Reusable, Disposable), by Capacity (0-500 ml, 500-1000 ml, 1000-2000 ml)
- by End-Use (Hospital, Clinics, Other End-uses),
- across five regions (North America, Latin America, Europe, Asia Pacific and the Middle East & Africa).
You Can Customize this Report As per Your Requirement Click Here@ https://www.persistencemarketresearch.com/request-customization/33298
Persistence Market Research’s Expertise in Life Sciences and Transformational Health
Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision-makers with sound inputs and strategic recommendations.
Other Trending Reports:
- Macular Degeneration Treatment Market
- Single-Use Bioprocess Systems Market
- DNA and RNA Sample Preparation Market
- Cell Counting Market
- Corneal Implants Market
- Single-Cell Analysis Market
- Cosmetic CDMO Market
- Facial Aesthetics Market
About Persistence Market Research:
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
Contact
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
